Attractive Valuation
$Advanced Micro Devices(AMD.US$ If one zoom out the chart all the way to 2020, the current share price is actually at a well established S/R level.
If one is targeting a first entry to AMD, I personally think this is a good level to go in for long term investors and the reasons are simple.
Cancel out the noises and ask yourself is getting AMD at $86 attractive to you? To me, simply yes.
Will it touch above $100 again? Easily. That presents a 16% upside easily.
Why? I don't see the desktops, laptops and gaming / mobile devices getting phased out in my lifetime.
Also the rise of EVs is now inevitable and that presents an enormous potential for players like AMD to further their growth.
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Bought my first stock in 1996. Still learning today.
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WinningTrader : Noob here. With all the changes like cost, financials, environment....etc, why does the S/R two years ago still valid?
GT1982OP WinningTrader: There are many quick tools such as MAs and S/R that can be used to guide our decision. The latter is useful because many traders position their trades around these levels such as one pip above or below.
GT1982OP : Congrats to all who bought yesterday..
WinningTrader : is the market bearish or bullish after the GDP results?
GT1982OP : I can't say for sure to be honest. In the current climate we have to be very nimble if we are to do trading.
For long term investing, I would say there are many great picks now.